Italy’s Saipem has been awarded a $400 million contract by a joint venture of Eni Cote d’Ivoire and Petroci for drilling offshore Ivory Coast.

The company confirmed the award on Wednesday and said the “contract includes the use of the seventh-generation drillship named Deep Value Driller”.

Saipem said the award's “value is to be considered gross of the leasing costs of the Deep Value Driller vessel that will be used for the operations”.

The Italian player recently entered into a charter agreement with Norway’s Deep Value Driller, Upstream reported.